RBLX trade ideas
RBLX, 14 Jan. Support at the End of the Tunnel.RBLX approaches an area of geometric confluence which indicates a potential support. Roblox has seen some insider selling, but also secured new funding and established web3 & metaverse partnerships in January.
Geometry:
The green support/resistance diagonals cross at $75.
Elliott:
We can count a completing ABC correction. The 78.6 fib retracement is around $73.
Oscillators:
The Stochastic is oversold since mid-December and due to move back up. The RSI is about to enter the oversold area.
Volume:
Declining volume signals a potential exhaustion of sellers.
How to trade it:
The idea is to try a long position in the area between the 78.6 retracement and the green trend line. If price continues to decline, a double bottom at $70 would be the next possibility for an aggressive entry. Indices, especially mega caps, must stabilize for a bullish environment for this idea to work.
RBLXRBLX is back within this wedge...while it is at a pattern completion zone at the end of it harmonic which could turn out to be bullish....it does have a gap to fill but as of right now the gap is acting as support....we will see
Elliott wave practiceThis is not financial advice. First attempt at predicting a wave. 1 - first impulse move. 2 - retracement that did not pass the start of wave 1, and is a zig zag pattern. 3 - extended impulse move. 4 - retracement that did not enter the territory of wave 1, is a wedge (different from wave 2), and because wave 3 was extended, tends to give back up to 38.2% of move 3. My prediction for wave 5 is a direct copy of wave 1 because if wave 3 is extended, wave 5 generally will be equal to the duration and magnitude of wave 1. Not quite sure how to fib out the correct extensions (wave 5 targets should be relative to wave 3?). If anyone has feedback, please let me know.
$RBLX Roblox gap close and go ? Roblox has caught some attention after reports showed Nancy Pelosi (greatest trader of all time ;) ) purchased JAN 23 $100 Call options back in DEC.
I like it because it appears to have completed it's downtrend , although not yet confirmed, since closing the NOV gap and putting in a higher low so far.
With heavy resistance at $95, bulls aren't out the woods yet... lot of supply above.
Technically there is major BULLISH divergence on the CMF indicator implying smart money is buying the dip. With a decent VP void above an idea would be :
SHORT TERM - trade up to the $95 resistance
LONG TERM - Follow the Trade Guru Pelosi and go Long leaps JAN $100 Calls, then sell shorter term calls against it on the up days (diagonal spread)
Fundamentally their revenue is projected to grow to almost $5B in 2024 and the average analyst PT of 11 analysts is $117 a share (well above the current price of $89 a share).
Let's see !
RBLX...gap covered. is downside over?Roblox Corp. has retraced all the move since the breakout of last November folliwing its earnings call. A couple of days ago it covered the gap (purple) left back then and has started to move higher. The Yellow line ($77) is the level to watch in the next few days, this area needs to hold in order to think that the correction is over and a break of the blue trendline could be confirmation of it. Keep an eye on the technology sector and other metaverse stocks for guidance while we wait for new signals.
RBLX: Double HarmonicsThis is an analysis that one of my followers asked me to check for him and look at here what we have.(thanks buddy)
A double combination of "Bullish Harmonic Patterns"
A beautiful combination that you can't see very often.
The price looks like it tested a strong support area close to 79.50
It looks like the price is already changing the direction.
Anyway, we need to be careful as the price is in a bearish daily trend.
Red Targets = For the Red Pattern
Green Targets = For the Green Pattern.
Please check the fundamental information of the company yourself before investing in any stock.
Thank you and Good Luck!
RBLXWe are still in the channel, a strong buyback from the fibo level and levels, divergence on CMF, RSI at minimum levels (relative to the history of this stock). In fact, the GAP was closed.
Yellow fibos are not in the logarithm.
Sold $SecPuts RBLXSold $secputs| RBLX 88 strike| for .45c| 3DTE, This is more so of Short Volatility and to Collect Theta (time) decay than a Directional play
RBLX - 1 hr Chart displays a a potential reversalWatching RBLX and there's been 4hrs of continuous buying.
Its up almost 6% from it's daily lows.
Its seems to have bounced off an historical support of $80 and there is clear divergence displayed.
Good Luck!
Roblox Corp target $220
The metaverse world in the Roblox corp.
Share has accelerated from $76 to $140. As the potential are still undermine with the large user base, any actualisation of Metaverse in Roblox game will accelerate its share upward movement.
In technical aspect, price of share is in an uptrend pending price to reiterate above $112 . As we have a gap up between $76 to $92. I would expect price to quickly dip (or it might not happen for now if upward momentum is very strong) and bounce back up in order to resume upward move to $140 followed by $180 and $220.
TP1 : $140
TP2: $180
TP 3: $220
Roblox - Hold with metaverse conceptPrice of Roblox has continue to fall with trend line resisted with a support at $60
This fall is classic gap covering from the previous gap one when price gets exhausted. This will allow new buyer to emerge around $60-$80.
Overall a long position will only take place when the price has consolidated with a. New base and break out of the current downtrend line . This will allow Roblox to potentially recapture $139 and extend to $220.
$RBLX $BA $NFLX $BABA I OptionsSwing WatchlistRBLX 30M I RBLX is trading within a bull flag and so far its making a higher low on the 30M time frame. On watch on a breakout from our current downtrend pattern.
BA 1H I BA made near a $15 move from our watchlist entry last week. Watching for a break out above $219 with volume, or a bounce at the support line of our channel.
NFLX 2H I Picked up unusual options activity betting on NFLX $560c 01/14 @ $3.39. We are seeing a bullish divergence on the hourly. NFLX reports earnings on 01/20.
BABA 1D I BABA has dropped more than 50% from ATH levels. We have a massive bull flag on the daily chart. We'll likely see a retest of the top of our channel before next ER.
$RBLX - Watch for break above 105 for calls- Weekly outside bar & 0.6 level
- Watch for break above trend line
RBLX H&S?Looks like the market is melting up which probably means this gets a gap fill for the right shoulder then down.
Just a guess, but I might buy some puts when it fills teh gap
$RBLX levels (bat) Let's see, all details in chart, Had a 2/618 double top short that sold off at 50% retrace (most widely used short pattern in Inst. trading) Watching 618 level for bullish price action . Value is in the 786// 886 box, if triggered aim tp1, in this market use RR boxes take 1-1. 1-2 and 1-3 risk reward, Stay safe out there, selling is relentless at this point.
No analysis here just long cause pelosi seems to insider tradeAlso a hedge against my ATVI bet. Hooking kids on the drugs early is how video games work, they stay with the franchises they trust as they grow old.
Bearish Trend on RBLXDoing some analysis for an investment I definitely made at the wrong time! A Bearish engulfing pattern forms in the indicated sector of the chart. We see a DOJI candle to open the market followed by a large negative engulfing candle. This is a sign of bear market for RBLX.
RBLXRBLX tried to break below today and failed. It is still in a downtrend. A break above the top trend line can give it some bullish momentum until then it is bearish.
I lost how many Robux!?RBLX is a story of 2 charts as well so depends on your position. If your long and swinging it is not good at all. 4hr Charts have severe support breaks and this "bounce" is forming a bear flag. Now short term this support bounce looks pretty good RBLX needs to bounce above 94.95 and reclaim EMAS. Then it needs to hold as support for another move up. IF a rejection happens at the 94.95 level RBLX will see 92.19 followed by 82.15. Should have some good intraday volatitly for day trades
Downward Trend - Lower lows ahead! Price action breaching 50% Fib extension and may indicate lower lows ahead as indicated.
Apologies if I am not all too active as i am focused on my other socials.
Roblox is at a major supportRoblox (RBLX) is at a major 2-month horizontal trendline support level = $93. Will it hold or break down to the downside? I'm posting this as neutral because of the potential short term upside entry, but with the potential long term downside risk. Here's the price levels on the 4 hour chart.
52 week high = $141.60
52 week low = $60.50
EMA233 = $94.15
EMA144 = $98.66
EMA89 = $102.57
EMA55 = $104.07
breakout = $129.15
R3 = $122.09
R2 = $115.02
R1 = $107.96
pivot = $100.90
S1 = $93.83
S2 = $86.77
S3 = $79.71
breakdown = $72.64
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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Inverted RBLX Chart -Potentially Spike to $113ish Before Reject(Opinion Only)
Strategically bearish until this is invalidated.
I have call spreads and am looking for put spread entry on any spike higher.
Goodluck.
